EAZ cautions against reversing 2017 budget estimates

EAZ President

Chrispin Mphuka

The Economics Association of Zambia (EAZ) has cautioned government against making any reversals of what was announced in the 2017 national budget.

EAZ president Chrispin Mphuka says government should be mindful that the inertia in implementing its pronouncements can send serious negative signals to the market.

Dr. Mphuka says failure, for example, to leave the market for the procurement of finished petroleum products by March this year, will make it uncertain for actors that want to participate in the market.

In an interview with QTV News by telephone, Dr. Mphuka states that government should be advised to always ensure that before it makes any pronouncement, it must have a good basis for doing so.

Dr. Mphuka says this is what the EAZ also thinks will build more confidence in pronouncements that government will be making in future.

He says it is however understandable that government may not meet the March deadline to leave the market for procurement of petroleum products in the absence of a framework.

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